Res 1982 - 77 Authorizing the Dakota County Housing & Redevelopment Authority to Exercise, on Behalf of MH the Powers Conferred by MN Statutes, Relating to Planning & Implementation of a Single Family Mortgage Revenue Bond Housing ProgramCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 82-77
RESOLUTION AUTHORIZING THE DAKOTA COUNTY HOUSING AND REDEVELOPMENT
AUTHORITY TO EXERCISE, ON BEHALF OF THE CITY OF MENDOTA HEIGHTS
THE POWERS CONFERRED BY MINNESOTA STATUTES, SECTION 462C.01
TO 462C.08, RELATING TO PLANNING AND IMPLEMENTATION OF A SINGLE
FAMILY MORTGAGE REVENUE BOND HOUSING PROGRAM
WHEREAS, the Dakota County Housing and Redevelopment Authority (the "HRA")
was created pursuant to Laws"of Minnesota 1971, Chapter 333, as amended by Laws
of Minnesota 1973, Chapter 534, (the "Enabling Statute"), and authorized pursuant
thereto to exercise the powers of a housing and redevelopment authority under the
provisions of the Municipal Housing and Redevelopment Act, Minnesota Statutes,
Sections.462..411 to 462.711,- as amended (the "Municipal HRA Act")., within the
territorial boundaries 'of the County; and
WHEREAS, the Legislature has enacted Minnesota Statutes, Chapter 462C (the
"Municipal Housing Finance Act") to regulate the planning and implementation of
single family housing programs and has provided for the financing of such programs
pursuant to its terms only; and
WHEREAS, pursuant to the Municipal Housing Finance Act, a city is authorized
to make or purchase mortgage loans to finance the acquisition of'single family
housing and to issue revenue bonds to provide funds therefor, such bonds to be
issued after adoption of a housing plan and program and approval:thereof; and
WHEREAS, pursuant to the Municipal Housing Finance Act, a city is authorized
to delegate its powers pursuant thereto to the housing and redevelopment
authority acting within the City;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Mendota Heights:
1. The HRA is hereby authorized to exercise on behalf of the City of Mendota
Heights (the "City"), the powers conferred by Minnesota Statutes,
Sections 462C.01 to 462.08, including the power to issue and sell single
family housing revenue bonds.
2. The HRA shall, upon request of the City Council, make periodic status
reports to the City Council regarding the progress of the housing program
and bond issue undertaken pursuant to the power conferred hereby.
3. The HRA shall submit the Housing Plan and Program for the City prepared
by the HRA to the City Council for its approval, prior to submission of
said Plan and Program to the Metropolitan Council and Minnesota Housing
Finance Agency, respectively.
Adopted by the City Council of the City of Mendota Heights this 7th day of
September, 1982.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
Page Two Resolution No. 82-77
By
Robert G. Lockwdod
Mayor
ATTEST:
Aet.„.)Vii &AA
K,Athleen M. Swanson
City Clerk